I used to work at a bank. It was a job. I didn't make financial suggestions, get bonuses or get a piece of the company, I was a teller who smiled and helped you with your transactions. It is just customer service with math. And a higher chance of getting robbed. I also keep my money in a bank, the little that I have. Like them or not, they are the center piece of an economy that push financial growth. When bad decisions are made by people in power, we see the disaster it can have, but when banks are working properly, they help to build an economy. And they are probably not going anywhere. I know there are people who feel blockchain technology will lead to people bypassing banks and yes the technology does give you the opportunity to be your own bank (options are good) but for this post I just want to talk about the increase of value for coins if they are used by banks.

Look at Ripple. Ripple was less than a cent at one point. I know because I was going to buy it when it was .006. Then it was announced that the Bank Of Tokyo would be using it and the value shot through the roof.  It is currently around 28 cents, which doesn't sound like a lot, but you have to keep in mind there are over 38 billion units of it. It makes sense for banks to use these coins as they can transfer funds globally and save fees. 

When more and more banks are using a coin it will, pretty much, guarantee the value of coin. Banks are the financial institutions and when they are holding an asset, they are going to work to make sure the coin is worth something. This might also lead to the mainstream adoption of coins. If a bank is having success with a digital coin, it can lead to banks accepting the coin as they would cash and offering insurance for the coin. Banks are the middle men of money and if they use cryptocurrency, the coins can see a lot of the same benefits that money has.

I recommend you check out this article if you are interested. It says that 86% are open to public blockchains:
https://www.americanbanker.com/news/bank-execs-now-bullish-on-public-blockchains-survey-finds

Oh and it's on the American banker website, so good news for US adoption.

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@whatageek

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